CHAPTER 743i
CONSUMER RENT-TO-OWN AGREEMENTS

(1) "Advertisement" means any oral, written or graphic statement or representation
made in connection with the solicitation of business in any manner by a lessor and
includes, but is not limited to, statements and representations made in any newspaper
or other publication, or on radio or television or printed in any catalog, circular or any
other sales literature or brochure.

(2) "Cash price" means the price at which a lessor in the ordinary course of business
would in good faith offer the property that is the subject of a rent-to-own agreement to
the lessee for cash on the date of the rent-to-own agreement.

(3) "Consummation" means the time a lessee becomes contractually obligated on
a consumer rent-to-own agreement.

(4) "Rent-to-own agreement" means an agreement for the use of personal property
by an individual primarily for personal, family or household purposes, for an initial
period of four months or less, whether or not there is any obligation beyond the initial
period, that is automatically renewable with each payment and that permits the consumer
to become the owner of the property. Any rent-to-own agreement which complies with
sections 42-240 to 42-253, inclusive, shall not be construed to be, or be governed by
the laws of this state regulating, any of the following:

(A) A retail installment contract, as defined in section 36a-770;

(B) A security interest, as defined in subdivision (35) of subsection (b) of section
42a-1-201.